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Toyota Issues Bond At A 0.001% Coupon, Japan's Lowest Ever
With just one day left before the ECB officially begins buying corporate bonds, the financial world is awestruck by what Mario Draghi has achieved by unleashing an unprecedented demand for...
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Futures Levitate To Session Highs As ECB Enters The Bond Market; Crude Hits $51
In an overnight session dominated by the latest political developments out of the US where Hillary Clinton officially claimed the democratic nomination, the financial newsflow focused on China's trade...
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These Are The Bonds The ECB Is Now Buying
Today is a historic day for the corporate bond market: with the launch of the ECB's CSPP, Mario Draghi is now directly buying European investment grade non-financial bonds. This means that no longer...
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Mario Draghi Is Now Buying Junk Bonds
A few days after the ECB unexpectedly announced its CSPP, or corporate bond buying program which based on its definition was limited to investment grade, non-financial debt, we explained "Why The ECB...
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Stunning Emails Reveal How Clinton Foundation Donor Bought Seat As Hillary's...
Forget Hillary's personal email server: this is what true cronyism and criminal corruption looks like, and this is the biggest threat from a Hillary presidency.It has been widely speculated, if not...
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Why Are So Many Bankers Committing Suicide?
During the past few years we have extensively covered the odd rash of banker suicides, pointing out the various conspiracy theories linking various high-level bank executives and inside scandals at the...
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Global Financial Stress Soars Most Since 2011 European Crisis
After a relatively calm and stable three months, the last three days have seen Bank of America Merrill Lynch's Global Financial Stress Index soar by the most since the middle of the European crisis in...
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Too Orange To Jail? US Government Drops Suit Against Countrywide's Mozilo
U.S. prosecutors have abandoned their case against Angelo Mozilo, the over-tanned character at the center of the risky subprime mortgages that fueled the financial crisis, after a two-year quest to...
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"China Is Headed For A 1929-Style Depression"
Authored by Sue Chang via MarketWatch.com,Andy Xie isn’t known for tepid opinions.The provocative Xie, who was a top economist at the World Bank and Morgan Stanley, found notoriety a decade ago when he...
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SPDR Gold Trust gold bars at the Bank of England
By Ronan Manly,BullionStarOne of the most notable developments accompanying the gold price rally of 2016 has been the very large additions to the gold bar holdings of the major physically backed gold...
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Stockman Rages: Ben Bernanke Is "The Most Dangerous Man Walking This Planet"
Submitted by David Stockman via Contra Corner blog,Ben Bernanke is one of the most dangerous men walking the planet. In this age of central bank domination of economic life he is surely the pied piper...
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US Futures, Global Markets Storm Higher As More Details Emerge About Japan's...
The global meltup continues with the S&P set to open at new all time highs, some 20 points higher from yesterday's close, however the driver for the latest rally is not so much the imminent BOE...
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David Rosenberg: "This Is The Pain Trade"
It was a breath of fresh air when last Friday, in the aftermath of the spectacular June jobs report, a "bearish" David Rosenberg reemerged and, turning a critical eye to the BLS data, asked clients of...
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The Financial System Is Breaking Down At An Unimaginable Pace
Submitted by Simon Black via SovereignMan.com,Now it’s $13 trillion.That’s the total amount of government bonds in the world that have negative yields, according to calculations published last week by...
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The Helicopter Has Already Been Tested - And It Failed Spectacularly
Submitted by Jeffrey Snider via Alhambra Investment Partners (h/t Contra Corner blog),Most of what passes for modern monetary policy is nothing more than one assumption piled upon another (and then...
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Beware of Junkyard Dogs: “This Isn’t A Really Normal Environment”
By Danielle DiMartino-Booth Having spent a chunk of his youth “shopping” them, Jim Croce came to know a thing or two about junkyards. In those youthful days, should his clunker de jour be missing some...
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"What Has Been Will Be Again" - Today's Fantasies Are Vast & Unremitting
Submitted by M.N.Gordon via EconomicPrism.com,“What has been will be again, what has been done will be done again; there is nothing new under the sun,” explained Solomon in Ecclesiastes, nearly 3,000...
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It's Official: Verizon To Acquire Yahoo Core Assets For $4.8 Billion
Almost a decade after Microsoft made an unsolicited bid to acquire Yahoo for $50 billion, moments ago Verizon confirmed recent rumors that it would acquire Yahoo operating business for approximately...
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With Half The Float Short, Outerwall Sells Itself To Apollo For $52/Share
Over the past several years, Outerwall, formerly known as Coinstar, has alternated from being a momo favorite and hated stock. Having soared as much as $83 in the past year, the stock of the company...
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S&P Futures Flat As Europe, Asia Lifted By Banks, Yen; All Eyes On The Bank...
In a mostly quiet session, European and Asian stocks rose, pushed higher by financial stocks and the USDJPY which initially dipped on some hawkish comments by BOJ deputy governor Iwata, only to rebound...
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